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You are saving for the college education of your two children. One child will enter college in 5 years, while the other child will enter college in 7 years. College costs are currently $10,000 per year and are expected to grow at a rate of 5 percent per year. All college costs are paid at the beginning of the year. You assume that each child will be in college for four years.

You currently have $50,000 in your educational fund. Your plan is to contribute a fixed amount to the fund over each of the next 5 years. Your first contribution will come at the end of this year, and your final contribution will come at the date at which make the first tuition payment for your oldest child. You expect to invest your contributions into various investments which are expected to earn 8 percent per year. How much should you contribute each year in order to meet the expected cost of your children’s education?

(b) If you wanted to be safe and assume that your investments would earn 5 percent per year, how much should you contribute each year. SUGGESTION: START WITH A TIME LINE.

Having problems getting answer for this question.

Assume there are 300,000 shares of common stock authorized by York Corp. Of those 250,000 shares have been issued. Later, 50,000 of the issued shares were repurchased by York and currently held as treasury stock. Net income for the year was $800,000.

Calculate the Earnings Per Share (EPS)

A. Starting with $10,000, how much will you have in 10 years if you can earn 15 percent on your money?
b. If you inherited $25,000 today and invested all of it in a security that paid a 10 percent rate of return, how much would you have in 25 years?
c. If the average new home costs $125,000 today, how much will it cost in 10 years if the price increases by 5 percent each year?
d. If you can earn 12 percent, how much will you have to save each year if you want to retire in 35 years with $1 million?